SHFE #1 Lead Price Movement on September 26

Sep 26, 2012 15:08

In China’s spot lead market, well-known brands, including Chihong Zn & Ge and Nanfang, were mainly quoted at RMB 15,800/mt on Wednesday.

SHANGHAI, Sept. 26 (SMM) – SHFE lead prices opened higher on Wednesday due to rising LME lead prices. In China’s spot lead market, well-known brands, including Chihong Zn & Ge and Nanfang, were mainly quoted at RMB 15,800/mt, with spot discounts over the SHFE 1211 lead contract price at RMB 350/mt. Dongling and Mengzi were quoted at RMB 15,720-15,750/mt, while quotations for Shenqian and Baiyin were at RMB 15,650-15,660/mt. Cargo holders were still moving goods actively, but downstream buyers were not interested in replenishing stocks, or planned to purchase directly from smelters, leaving trading unimproved.

spot lead prices

China’s spot lead market

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SHFE #1 Lead Price Movement on September 26

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